v3.26.1
Debt Obligations, net - (Schedule of Debt) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Debt Instrument [Line Items]          
Total debt obligations, net [1] $ 208,838   $ 208,838   $ 268,721
Interest costs capitalized 200 $ 1,400 300 $ 2,500  
Margin Loan Facility          
Debt Instrument [Line Items]          
Total debt obligations 94,500   94,500    
Secured Debt          
Debt Instrument [Line Items]          
Total debt obligations 209,524   209,524   270,357
Debt discounts and deferred financing costs, net (686)   (686)   (1,636)
Total debt obligations, net 208,838   208,838   268,721
Secured Debt | Safe Credit Facility          
Debt Instrument [Line Items]          
Total debt obligations $ 115,000   $ 115,000   $ 115,000
Stated Interest rates 8.00%   8.00%   8.00%
Secured Debt | Margin Loan Facility          
Debt Instrument [Line Items]          
Total debt obligations $ 94,524   $ 94,524   $ 91,087
Basis point spread on variable interest rate     3.50%   3.50%
Increase in basis point spread for the period immediately succeeding a period in which the Company makes a PIK election.     0.25%    
Secured Debt | Senior Construction Mortgage Loan          
Debt Instrument [Line Items]          
Total debt obligations         $ 64,270
[1] Refer to Note 2 for details on the Company’s consolidated variable interest entities (“VIEs”).